Layer 1 blockchain operator ZetaChain raised $27 million in a round featuring several crypto and trading heavyweights.
Investors in the round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai and Krust, according to an announcement today. This is the first raise for the business. No valuation was disclosed.
Founded in 2021, ZetaChain, which will soon stage its mainnet launch, aims to unite multiple blockchains — including Ethereum, Polygon, BSC and even non-smart contract chains like Bitcoin and Dogecoin — on a single platform.In today’s announcement, the company said it aims to establish “a new standard for blockchain interoperability,” giving users the means to manage all their assets and data more easily.
“ZetaChain’s purpose is to simplify managing assets and data across multiple blockchains, which remains a complicated and fragmented process that’s hindering hundreds of millions of new users joining the web3 ecosystem,” said Ankur Nandwani, a ZetaChain core contributor. “Our EVM-compatible cross-chain smart contracts alleviate these issues by allowing decentralized app developers to build services that are faster, more secure, and easy to use.
The project currently has more than 27,000 decentralized app contracts deployed on its network, spanning Defi, NFT, social, identity and gaming protocols. More than 1.7 million users participated in ZetaChain’s testnet, according to today’s announcement. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shoppers Say Their Dry Skin Is No Match for This $27 Moisturizer That’s Packed With “Hydration Galore”Torriden Dive-In Low-Molecular Hyaluronic Acid Soothing Cream is a $27 K-beauty moisturizer at Amazon. It features five forms of hyaluronic acid to deliver intense hydration and a bouncy, dewy glow almost instantly.
Read more »
Coinbase Layer 2 BASE battles yet another rugpull after BALD, SwirlLend exploited by attackersCoinbase’s Layer 2 BASE recently made headlines for its mainnet launch and rollout. Interestingly, the project suffered a rugpull before its launch, w
Read more »
Hacker creates memecoin after stealing $870,000 from RocketSwap on BaseRocketSwap, a decentralized exchange on the Base Layer 2 network, was hacked — losing 471 ETH.
Read more »
Vitalik Buterin admits all Layer 2s have a backdoor on Ethereum—ARB, OP may never be 100% decentralizedVitalik Buterin, the Ethereum co-founder, made headlines as he explained that all Layer 2 projects and rollups like Arbitrum and Optimism have a backd
Read more »
Council Post: Four Myths About Digital Transformation And How To Debunk Them By Modernizing At The Data LayerThe reality is that advanced data management techniques can integrate compliance seamlessly into processes and workflows across the business.
Read more »
Neal Stephenson's Metaverse Vision Is One Step Closer as Lamina1 Blockchain Launches Betanet.Lamina1official, a blockchain co-founded by science-fiction writer Neal Stephenson and early Bitcoin investor Peter Vessenes, has launched its betanet and Hub for creators to design the building blocks of a future open metaverse. RosiePerper reports
Read more »